Organisation launches micro-credit scheme

THE Women’s Federation for World Peace (WFWP), a non-governmental organisation under the United Nations (UN), launched a micro-credit loan facility last week in Kerowagi, Chimbu.
The facility will enable women in the district to access financial services.
WFWP country president Betty Kaime said the facility would support the roll out of district services improvement projects (DSIP) in Kerowagi.
Kaime said Chimbu was the third chapter in the country to join the WFWP along with Morobe (21 members) and Jiwaka (62 members).
The launch saw the organisation carry out training in small-to-medium enterprises (SME’s) and financial literacy for its newly introduced members.
“Our team aims to educate people on how to start a small business and teach a little basic book keeping, financial literacy, how to do savings and to basically get them ready to start business,” she said.
“It has the potential to empower our women, reduce the poverty rate and become a member of the UN.
“The objectives and vision of the organisation are good and we knew that it would impact the lives of women in the country.
“The WFWP shares the values of the UN and will helps to carry out its programmes so that’s one of the main reasons we wanted to be a part of this organisation,” she said.
Kaime added that PNG participated in the WFWP Asia-Pacific conference in Palau in 2019 with initiatives from members in the region focused on micro credit projects.
PNG registered as a member for the organisation under the Oceania region in 2019.